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 & (1) & (2) \\
VARIABLES & FDinv\_mu\_TL\_sFSQ\_t1\_pos\_w\_h & FD\_inv\_mu\_TL\_sFSQ\_t1\_pos\_w\_CON \\ \hline
 &  &  \\
FDhhi & -0.374** & -0.456* \\
 & (0.177) & (0.228) \\
Constant & 0.00229 & -0.0109** \\
 & (0.00236) & (0.00438) \\
 &  &  \\
Observations & 6,875 & 6,875 \\
R-squared & 0.005 & 0.003 \\
Sector FE & No & No \\
Year FE & No & No \\
Cluster & Sector Year & Sector Year \\
Sample & Pos & Pos \\
RHS & Max & Max \\
Drop 94 & Yes & Yes \\
Wins & No & No \\
 Specs & Baseline & Entry-Exit \\ \hline
\multicolumn{3}{c}{ Robust standard errors in parentheses} \\
\multicolumn{3}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
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